United States

ShaMaran Petroleum Corp (SNM.V)

SNM.V on TSX Venture Exchange

2 Dec 2016
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Latest Key Developments (Source: Significant Developments)

ShaMaran Petroleum Q2 loss $2.5 mln
Tuesday, 16 Aug 2016 05:30pm EDT 

ShaMaran Petroleum Corp : ShaMaran Q2 2016 financial and operating results .ShaMaran Petroleum Corp qtrly loss $2.5 million versus loss of $2.1 million last year.  Full Article

Shamaran Petroleum says legal talks resulted in delay in construction of feeder pipeline
Wednesday, 10 Aug 2016 12:45pm EDT 

Shamaran Petroleum Corp: Shamaran operations update . Taqa Atrush B.V., co's unit, Marathon Oil KDV BV, working with Kurdistan Regional Government, Kar Co regarding a contractual structure . Contractual and commercial structure for the construction of feeder pipeline . Commercial and legal discussions have resulted in a delay in start of construction of feeder pipeline .Commercial discussions in advanced state for construction of feeder pipeline; to most likely result in first oil to slip into q1 2017.  Full Article

ShaMaran Petroleum Corp announces financing proposal
Monday, 14 Mar 2016 09:00am EDT 

ShaMaran Petroleum Corp:Announces financing proposal.Arrangement will provide co with additional liquidity in 2016 of approximately USD 33 million net of transaction costs.Says considering offering private placement of shares for cash for the remainder if USD 18 million is not converted.Arrangement to complete its share of estimated investments in 2016 in order to deliver atrush field into production.Says atrush project is progressing according to plan with first oil targeted mid-2016.  Full Article

ShaMaran Petroleum Corp announces completion of standby purchase transactions
Tuesday, 17 Feb 2015 05:25pm EST 

ShaMaran Petroleum Corp:Says in connection with previously announced Rights Offering and as agreed in the standby purchase agreement, cCompany has issued an aggregate of 40,906,078 common shares of Company at a subscription price of C$0.10 per share for gross proceeds of C$4,090,607.80.Issued to its major shareholders, Lorito Holdings SARL, Zebra Holdings and Investments SARL and Lundin Petroleum BV which represents all Common Shares not otherwise subscribed for by Rightholders.In addition Company has issued a further aggregate of 14,569,684 additional Common Shares to the Standby Purchasers in respect of the guarantee fee, as defined under the standby purchase agreement.Pareto Securities AB acted as manager of the Rights Offering and Georgeson Shareholder Communications Canada, Inc. acted as information agent for the Rights Offering.Pareto is not registered as a dealer in any Canadian jurisdiction and, accordingly, has not, directly or indirectly, solicited offers to purchase or sell Common Shares or Rights in Canada.  Full Article

ShaMaran announces closing of rights offering
Tuesday, 10 Feb 2015 05:00pm EST 

ShaMaran Petroleum Corp:Says closing of its previously announced rights offering which expired on Feb. 09.Rights Offering has generated gross proceeds of about C$75 mln which will be used to fund the Company's costs related to the financing, development and operations of the Atrush Block in Kurdistan and for general and administrative purposes.ShaMaran's Certified Advisor on Nasdaq First North is Pareto Securities AB.  Full Article

BRIEF-Shamaran Q3 net loss from continuing operations $2.1 mln vs. net loss of $1.9 mln last year

* Qtrly net loss from continuing operations $2.1 million versus a net loss of $1.9 million last year